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Speeches and presentations delivered at the 32nd ISAR session

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Nov 05, 2015

The 32nd session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) is currently being held in Geneva. The keynote address was given by FASB Chairman Russell Golden; the presentations included one by IASB Vice-Chairman Ian Mackintosh.

In his speech, Mr. Golden discussed the important role of high-qual­ity financial reporting in capital markets around the world and noted that high-qual­ity accounting standards should “promote truth-telling in financial reporting.”

Mr. Mack­in­tosh addressed major trends and chal­lenges associated with high-qual­ity corporate reporting and focused on the IASB’s mission and future agenda.

In addition, Michael Stewart, director of im­ple­men­ta­tion ac­tiv­i­ties at the IASB, explained that prin­ci­ples-based standards can be applied consistently “across diverse facts and cir­cum­stances” and that the IASB Education Ini­tia­tive promotes “IFRS [judgment] ca­pac­ity-build­ing” by fostering “cohesive IFRS un­der­stand­ing” as well as the ability to make, audit, regulate, and analyze IFRS judg­ments.

For more information, including access to the speeches by Mr. Golden, Mr. MackintoshMr. Stewart, see the UNCTAD's Web site.

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